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Longshortcompetition

Sustainable InfrastructureThis post is in response to the @TradingView long short competition. For the competition, Trading View asked users for their best pair trade idea for the given market conditions. My entry is long HASI and short HESS. Many of you may already be familiar with HESS corporation. HESS is an oil company that engages in the exploration, development, production, transportation, purchase & sale of crude oil. Hess has production operations located primarily in the United States, but also it pumps fossil fuels out of Guyana, Thailand, and Malaysia. I am short HESS because the price action is forming an onimous shooting star candle on the quarterly chart. Furthermore, this bearish candle is occurring right at the Fibonacci high created right before the Great Recession. HESS is also the company that makes those adorable little toy trucks to instill the love of fossil fuels in the public from a very young age: Fewer of you may be familiar with HASI or Hannon Armstrong Sustainable Infrastructure Capital. HASI is the first U.S. public company solely dedicated to investments in climate solutions. It provides capital for leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. Importantly, HASI provides capital for real estate to be used for sustainable infrastructure development. Website: www.hannonarmstrong.com HASI currently has more than $9 billion in managed assets. Its core purpose is to make climate positive investments with superior risk-adjusted returns. I am long HASI because its price has been growing exponentially since its inception. Despite its recent pullback, the quarterly candle was cleanly supported by the 20 EMA. This is a great opportunity to go long. I have chosen HASI and HESS for another important reason. Their ratio reflects the insurmountable challenge that climate change poses. According to the Global Commission on the Economy and Climate, the world will have to invest $90 trillion in sustainable infrastructure by 2030 to combat climate change. To put that into perspective, investment in sustainable infrastructure companies like HASI will need to increase hundredfolds, if not thousandfolds or more, relative to investment in fossil fuel exploration and production companies like HESS, if we are to successfully tackle climate change. This chart shows just how tremendous this magnitude of change in capitalization must be. Even with logarithmic adjustment, the growth curve still looks exponential. I chose a yearly chart to illustrate how few candlesticks we have left to increase the magnitude of this ratio in order to successfully combat climate change. Just 8 candlesticks are left until 2030...
Editors' picks
NYSE:HASILong
by SpyMasterTrades
26
Bitcoin Elliott Wave Daily countThis is my view about Bitcoin at this moment and we may have the bottom here!!! Let`s see how. The wave 3 ended on 14 march 2021 and from that time started wave 4th. An extended flat formed by wave a extended flat, wave b zigzag, and now wave c the impulse wave is an ending diagonal. Also the ending diagonal 3rd wave is bigger than wave 5 but not too much and if it will go deeper will break the EW rules.(3rd=47.48% vs 5th 44.35%) Wave c from the 4th wave bounced in 1.414 fib extension of wave a and b. Bitcoin has the chance to do something now and if it will go impulsive and will take the channel middle line first and maybe the upper band than the chance to start the 5th wave will be bigger. If you like my analysis subscribe for future updates. Good luck!
FTX:BTCPERPLong
by Cross10XSignals
BTC Elliott Wave countThis is the count that fits at this time! After an impulse we have a flat corrective pattern and now we are into the C wave from it, the impulse. I think it will go to retest 19000-18000 zone and than Bitcoin has the chance to build an impulse with a 3rd wave or at least we will have an abc corrective pattern that will sink Bitcoin more deeper. Short until Bitcoin will end the C wave than long. If you like it subscribe for future updates and give it a like. Good luck!
COINBASE:BTCUSDShort
by Cross10XSignals
HDFC BANK LongIndian private bank king is ready to make an impulse in the long direction be in the trend for the rewards 1 Week time frame Factors which im considering 1) RSI divergence 2) Piercing candle in the support of 50 sma 3) Support in 50 sma 1 Day time frame It has taken good support in 1 day time frame of 50,100 sma( simple moving average) reversal pattern in 1 day time frames 4HRS TF It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)
NSE:HDFCBANKLong
by BUZZZZZ-BEE
BTC Elliott Wave tradeThis is my plan to entry for a long positions on Bitcoin. I am still bearish on Bitcoin and I will show after this my trade setup for short positions, but anyway the market can do anything and if it will go long than I must see something to enter for a long position. Only count from here is to have an bigger 1 wave and now multiple 12 12. The last 1 wave it can be this expending leading diagonal and after the correction I would enter for a long position after the price breakup the B wave. The correction can also end in the area of 4th wave from the expending leading diagonal . Invalidation will come if price goes below wave 2 from the first 12 formation. I will keep update this trade setup so if you like it subscribe for future updates
COINBASE:BTCUSDLong
by Cross10XSignals
WAVES/USD Elliott Wave countA perfect example of a leading diagonal. This type of pattern is formed in the current conditions of the market when the buyers still do not have a great confidence, thus forming wave 1 of a higher degree in the Elliott Wave structure. I will present the Fibonacci relations from such a pattern: Wave 2 corrects in the area 0.768 of the Fibonacci retracement of wave 1; Wave 3 rises to the area of the Fibonacci projection 0.768 of waves 1 and 2; Wave 4 corrects in the area 0.768 of the Fibonacci retracement of wave 3; Wave 5 could rise in the area of the Fibonacci projection 0.768 of waves 3 and 4; (Sometimes wave 5 can be truncated and shorter than the area where wave 3 ended). So you can trade a long position up to the Fibonacci projection area of 0.768 of waves 3 and 4. After that you can also play short on the correction of wave 2 of higher degree. Success! Like and subscribe if you like my analysis! Also I will kepp do updates on the waves/usd because I like to trade it!
WLong
by Cross10XSignals
Discretionary vs Energy - Tradingview Competition EntryMy idea is simple. We are going long retailers (AMZN, TGT, WMT, COSTCO, etc..) and we are going to short energy (USOIL). Hear me out before you cringe at this unusual trading pair. The US econ has felt some serious effects from inflation. Oil prices are ridiculously high due to the war and it has caused the price of gas to go up. When gas goes up, it costs more to travel (hopefully you see where this is heading already). When it costs more to travel, people start saving more and spending less (recession behavior). When that happens, AMZN TGT and friends are stuck with inventory on their shelves and it costs a ton to deliver what they do have. Customers arent splurging anymore and its hurting profits. Now, lets imagine that the sanctions being placed on Russia were to actually work. Russia cant fund the war anymore so they back out. Sanctions are lifted and everything goes "back to normal". The cost of oil will drop dramatically. Countries could begin shipping, flying, railing, hauling and xxxing their products around the world for much cheaper prices than we have now. Cheaper transports means cheaper product, means "I can add more to my cart", means more space for new inventory, means more products being sold, means a happy earnings sheet. Do ya see??? When oil drops, inflation should go away and people will splurge again! We seem to be a long way away from actually getting this war to end so keep your eye on the news and just bide your time. Ive outlined some current patterns and ranges on the chart above.
Editors' picks
NASDAQ:AMZN
by Decam9
37
🔴 Another red monthly candle!Hello, dear TradingView members. This idea is a Bitcoin analysis, for the LongShortCompetition. As I said on the last chart: "So the 17K-20K area is the support we have for now, which we have been waiting for, for the last few months. Our local resistance is the 23K area, which can be experienced once more. Now that we are here, there are only two possible scenarios. We will fall more until we get to the 10K-14K price zone. We will go up, but first, consolidate on this price zone for months." Now that the monthly candle has closed in red, and just as the new month has started, the market has become bearish, we can expect Bitcoin to go lower and land on one of those two support levels shown on the chart. Only two supports on the way down: 1. $17,000 2. $14,000 The lower Bollinger Band (Green line on chart) can help the price move sideways for a while before falling, but it's never that strong to hold sudden crashes. So, we better not count on it as a strong support level. RSI still isn't showing oversold signals in the monthly timeframe, so we still have room to go lower. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
Short
by ShawnMCR
22
It's time for a little competition....Hey everyone! 👋 This week, we wanted to do something a little different. As you may have guessed from the title, we're running a trading idea competition! The prompt for this competition is simple: Post your best pair trade idea for the given market conditions. Your idea's time horizon can be anything from the next week, all the way through the next several years. It's up to you! If you didn't know, a pair trade is simply a type of trade idea where you go long an asset and short another asset in a way that will hopefully increase returns and decrease risk at the same time. An example of a pair trade would be going long Tesla and going short General Motors simultaneously - by having exposure both long and short you reduce your market risk, while gaining exposure to the relative performance of the two companies. Because Currencies are always quoted in other currencies, all FX ideas will be excluded from this competition. We're looking for some out of the box thinking! What will you pick?? The world is your oyster. Also, feel free to pick multiple symbols to go long, and multiple symbols to go short at the same time. Basket trading is cool too! Be sure to include a solid description that explains the reasoning behind your idea - this is absolutely crucial to have a chance at winning. The winner of this competition will win 12 months of Premium, a pack of TradingView tarot cards, and an exclusive TradingView T-Shirt. In addition, we are guaranteed to select the winning idea as an Editor's Pick. :) -- Once you feel like your idea is ready for the main stage, you can enter the competition by adding the tag "longshortcompetition" to your post before you publish. You can also follow along with the competition using this tag. Submissions close on July 1st at 9:30am EST, when we will select the winner! We will be judging ideas based on three criteria: The quality of the idea/explanation, the uniqueness of the idea, and the creativity employed by the author. Only one entry per user - if you post multiple ideas from your account, or through multiple accounts, you will be disqualified. Good luck to all! We can't wait to see what you guys come up with. Go get em 😉 -Team TradingView.
Editors' picks
NASDAQ:TSLA
by TradingView
121